Mexico homebuilder crisis lurches on with Homex default
Fitch has downgraded Homex from CCC to C as the company became the latest Mexican homebuilder to fail to make a payment on its debt — in this case an interest payment on its 9.5% 2019 bonds. The rating agency believes a distressed debt exchange is “highly likely”.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: